Ethereum price is slowly moving higher above $1,600 against the US Dollar. ETH could gain bullish momentum unless there is a nasty drop below $1,550.
Ethereum is showing a few positive signs for a move above the $1,650 resistance.
The price is trading above $1,600 and the 100-hourly Simple Moving Average.
There was a break above a key bearish trend line with resistance near $1,610 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a decent increase if there is a close above $1,650 and $1,670.
Ethereum Price Shows Bullish Signs
Ethereum’s price remained well-supported above the $1,550 level. ETH climbed higher slowly above the $1,580 and $1,600 resistance levels, like Bitcoin.
There was a break above a key bearish trend line with resistance near $1,610 on the hourly chart of ETH/USD. The pair even broke the $1,620 resistance. However, the bears are still active below the $1,650 level. A high is formed near $1,638 and the price is now consolidating gains.
Ether
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-primed-gains-1650/
